0000729237-13-000038.txt : 20130520 0000729237-13-000038.hdr.sgml : 20130520 20130520153405 ACCESSION NUMBER: 0000729237-13-000038 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20130516 FILED AS OF DATE: 20130520 DATE AS OF CHANGE: 20130520 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Dorsett Jeremy R CENTRAL INDEX KEY: 0001557945 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11533 FILM NUMBER: 13858142 MAIL ADDRESS: STREET 1: 390 NORTH ORANGE AVENUE STREET 2: SUITE 2400 CITY: ORLANDO STATE: FL ZIP: 32801 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PARKWAY PROPERTIES INC CENTRAL INDEX KEY: 0000729237 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 742123597 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 390 N. ORANGE AVE STE 2400 CITY: ORLANDO STATE: FL ZIP: 32801 BUSINESS PHONE: 407-650-0593 MAIL ADDRESS: STREET 1: 390 N. ORANGE AVE STE 2400 CITY: ORLANDO STATE: FL ZIP: 32801 FORMER COMPANY: FORMER CONFORMED NAME: PARKWAY CO DATE OF NAME CHANGE: 19951018 4 1 edgar.xml PRIMARY DOCUMENT X0306 4 2013-05-16 0000729237 PARKWAY PROPERTIES INC PKY 0001557945 Dorsett Jeremy R 390 NORTH ORANGE AVENUE SUITE 2400 ORLANDO FL 32801 0 1 0 0 EVP & GENERAL COUNSEL Common Stock 2013-05-16 4 A 0 9966 0 A 10966 D Employee Stock Option (Right to Buy) 17.21 2013-05-16 4 A 0 100000 0 A 2023-03-02 Common Stock 100000 100000 D LTIP Units 2013-05-16 4 A 0 14951 0 A Common OP Units 14951 14951 D The award was approved by a committee of issuer's board of directors on March 2, 2013, subject to shareholder approval of the issuer's 2013 Omnibus Equity Incentive Plan under which the award was granted. The issuer's shareholders approved the plan on May 16, 2013. The option vests in four equal annual installments beginning on March 2, 2014. Represents LTIP Units in the issuer issued as long term incentive compensation pursuant to the issuer's 2013 Omnibus Equity Incentive Plan. Subject to the satisfication of certain performance -based vesting criteria relating to the attainment of total stockholder return targets during the period between March 2, 2013 and March 1, 2016 and certain restrictions set forth in the limited partnership agreement of Parkway Properties LP, each LTIP Unit may be converted, at the election of the reporting person or the issuer, into a common OP Unit. Each OP Unit acquired upon conversion of an LTIP Unit may be redeemed, at the election of the reporting person, for cash equal to the then fair market value of a share of Common Stock of the issuer, except that the issuer may, at its election, acquire each common OP Unit so presented for redemption for one share of Common Stock of the issuer. /s/ Jeremy Dorsett 2013-05-20